The monthly inflation rate in Argentina jumped to 4.0 percent in August 2019 from 2.2 percent in the previous month but below market expectations of a 4.2 percent gain. It was a 5-month high, as currency depreciation amid increasing macroeconomic instability nudged prices higher for: food & non-alcoholic beverages (4.5 percent vs 2.3 percent in July); transport (4.0 percent vs 1.1 percent); clothing & footwear (3.1 percent vs 0.3 percent); recreation & culture (4.2 percent vs 3.9 percent); miscellaneous goods & services (4.4 percent vs 2.7 percent); restaurants & hotels (3.6 percent vs 3.0 percent), and furnishings & household equipment (6.1 percent vs 2.5 percent). In contrast, inflation edged down for housing & utilities (2.1 percent vs 2.2 percent). In the Great Buenos Aires region, prices climbed 3.9 percent. On an annual basis, prices in Argentina increased by 54.5 percent. Inflation Rate Mom in Argentina averaged 2.37 percent from 2014 until 2019, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016.
Inflation Rate Mom in Argentina is expected to be 6.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.10 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.30 percent in 2020, according to our econometric models.